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Impac Mortgage Holdings Financial Ratios 2022-2009 | IMH
Brief overview of Impac Mortgage Holdings's market valuation
This overview follows the five latest available observations from 2017 through 2021.
Market valuation is represented by P/E 10.76x (median 6.17x), P/B 1.89x (median 1.1x), P/CF 0.03x (median 0.37x). The combined multiple level is about 71.9% above the company's historical norm, leaving less valuation cushion.
At the current P/E, inverse earnings yield is 9.3%, a useful bridge between price and business earnings.
Returns on assets and capital are represented by ROE 3.4%, ROA -65.4%, ROCE 4.1%. Losses and negative capital returns make ordinary P/E-like references unstable or inapplicable.
Price, earnings and growth produce a PEG of 4.29x. A high value reduces the cushion if growth slows.
High leverage is part of the financial-sector model, so valuation should be linked to capital, asset quality and ROE.
What the ratios show
Impac Mortgage Holdings's multiples are demanding relative to current business quality. Material improvement is needed to justify them.
Annual Financial Ratios Impac Mortgage Holdings
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
-0.2 | -4.8 | -0.8 | -169.3 | -0.5 | -5.7 | 10.8 | 1.6 | -14.0 | -7.6 | -30.7 | 6.2 | - | - |
P/S |
0.9 | 0.3 | -9.0 | 1.3 | 0.7 | 1.3 | 2.4 | 0.8 | 2.0 | 0.7 | 1.1 | 0.3 | - | - |
EPS |
-1.6 | -0.2 | -4.2 | -0.0 | -6.9 | -1.6 | 1.1 | 8 | -0.7 | -0.9 | -0.4 | 0.4 | 1.3 | - |
EV (Enterprise Value) |
53.7 M | 2 B | 2.37 B | 3.53 B | 3.59 B | 4.56 B | 4.77 B | 5.2 B | 5.63 B | 5.74 B | 6.05 B | 5.59 B | 6.11 B | - |
EBITDA per Share |
-1.97 | -0.67 | -4.17 | -0.26 | -6.84 | -0.88 | 4.89 | 7.42 | -1.41 | 35.2 | 61.4 | 94.7 | - | - |
EV/EBITDA |
-1.1 | -139.1 | -26.8 | -634.0 | -25.0 | -266.1 | 74.1 | 69.4 | -426.6 | 18.6 | 12.4 | 7.6 | - | - |
PEG |
-0.0 | -0.01 | -0.0 | 4.29 | 0.01 | 0.03 | -0.06 | -0.0 | 0.51 | -0.06 | 0.15 | -0.09 | - | - |
P/B |
-0.7 | 1.9 | 4.7 | 1.1 | 0.7 | 0.7 | 0.8 | 1.2 | 3.5 | 2.4 | 3.5 | 0.6 | - | - |
P/CF |
0.0 | -0.2 | 0.1 | -0.3 | 0.4 | -1.3 | 2.8 | 4.3 | 3.0 | 0.4 | 0.6 | 0.1 | - | - |
ROE % |
339.84 | -39.03 | -563.22 | -0.65 | -131.98 | -11.89 | 7.33 | 70.57 | -25.33 | -31.63 | -11.65 | 10.76 | 39.00 | - |
ROA % |
-65.36 | -0.19 | -3.72 | -0.02 | -3.99 | -0.67 | 0.35 | 1.55 | -0.11 | -0.14 | -0.06 | 0.06 | 0.17 | - |
ROCE % |
409.64 | -149.81 | -4.03 | -0.22 | -4.29 | -0.43 | 1.34 | 1.46 | -0.25 | -0.03 | 0.25 | - | - | - |
Current Ratio |
0.8 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | - |
DSO |
120.7 | 21.9 | -393.7 | 62.6 | 38.7 | 16.3 | 43.3 | 18.8 | 40.5 | 17.7 | 14.5 | 7.9 | - | - |
Operating Cycle |
120.7 | 21.9 | -393.7 | 62.6 | 38.7 | 16.2 | 43.3 | 18.8 | 40.5 | 17.7 | 14.5 | 7.9 | - | - |
Cash Conversion Cycle |
120.7 | 21.9 | -393.7 | 62.6 | 38.7 | 16.2 | 43.3 | 18.8 | 40.5 | 17.7 | 14.5 | 7.9 | - | - |
All numbers in USD currency
Quarterly Financial Ratios Impac Mortgage Holdings
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
- | -0.62 | -0.64 | -0.07 | - | 0.08 | -0.42 | -0.03 | -0.1 | 0.08 | -1.08 | -3.05 | -0.03 | 0.07 | 0.18 | -0.6 | - | -2.16 | -4.65 | 0.18 | -2.14 | 0.11 | 0.33 | 0.29 | 1.06 | 1.28 | 0.99 | 0.09 | 1.04 | 1.89 | 1.65 | 3.54 | - | -0.13 | 0.01 | -0.33 | - | -0.56 | 0.14 | -0.08 | - | -0.29 | 0.54 | -0.61 | - | 0.4 | 0.05 | -0.12 |
EBITDA per Share |
- | -0.52 | -0.66 | -0.57 | - | - | -0.4 | -0.03 | - | 0.16 | -0.87 | -3.5 | - | 0.01 | 0.12 | -0.56 | - | -1.92 | -4.4 | 0.27 | - | 0.39 | 0.42 | 123 | - | 2.03 K | 864 | 0.29 | - | 2.48 | 1.75 | 1.79 | - | -0.18 | -0.43 | -0.52 | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
-193.33 | -164.68 | -583.17 | -198.11 | -180.55 | -194.54 | -213.88 | -161.71 | -339.33 | -325.98 | -333.92 | -178.15 | -8.36 | -46.34 | -107.56 | -109.86 | -96.98 | -113.92 | -74.54 | -12.59 | -12.12 | 12.15 | 19.12 | 24.99 | 23.75 | 25.77 | 36.81 | 49.16 | 105.79 | 91.93 | 73.48 | 40.96 | -16.38 | -33.86 | -25.61 | -28.40 | -16.20 | -24.33 | 7.09 | -15.62 | -13.15 | -2.49 | 7.02 | -10.21 | 8.76 | 10.66 | 1.39 | -3.29 |
ROA % |
-24.42 | -24.32 | -10.84 | -0.79 | -0.35 | -0.44 | -0.48 | -1.02 | -3.21 | -3.13 | -3.16 | -2.09 | -0.22 | -1.34 | -3.66 | -3.69 | -3.34 | -4.30 | -3.11 | -0.69 | -0.68 | 0.63 | 0.88 | 0.98 | 0.90 | 0.76 | 0.80 | 0.86 | 1.41 | 1.19 | 0.84 | 0.50 | -0.07 | -0.16 | -0.12 | -0.13 | -0.08 | -0.12 | 0.05 | -0.06 | -0.05 | 0.01 | 0.05 | -0.04 | 0.04 | 0.06 | 0.01 | -0.02 |
ROCE % |
-405.81 | -405.52 | -789.51 | -384.27 | -203.89 | -184.33 | -307.93 | -318.64 | -313.36 | -313.23 | -330.35 | -219.19 | -9.59 | -46.77 | -105.10 | -105.85 | -93.69 | -92.23 | -53.12 | 5.41 | 3.72 | 14.32 | 18.28 | 17.90 | 17.57 | 39.89 | 49.45 | 73.07 | 71.51 | 65.01 | 27.16 | -12.31 | -41.35 | -6.50 | -15.53 | -19.32 | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
- | 0.9 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
DSO |
- | - | - | 30.3 | - | - | - | 7.1 | - | - | - | -15.0 | - | - | - | 74.1 | - | - | - | 6.1 | 21.1 | - | - | 7.0 | 4.1 | - | - | 11.0 | 14.5 | - | - | 7.7 | - | - | - | 18.2 | - | - | - | 8.7 | - | - | - | - | - | - | - | - |
Operating Cycle |
- | - | - | 30.3 | - | - | - | 7.1 | - | - | - | -15.0 | - | - | - | 74.1 | - | - | - | 6.1 | 21.1 | - | - | 7.0 | 4.1 | - | - | 11.0 | 14.5 | - | - | 7.7 | - | - | - | 17.9 | - | - | - | 8.7 | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | - | 30.3 | - | - | - | 7.1 | - | - | - | -15.0 | - | - | - | 74.1 | - | - | - | 6.1 | 21.1 | - | - | 7.0 | 4.1 | - | - | 11.0 | 14.5 | - | - | 7.7 | - | - | - | 17.9 | - | - | - | 8.7 | - | - | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Impac Mortgage Holdings, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
Financial Ratios of other stocks in the Mortgage finance industry
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
 |
Altisource Portfolio Solutions S.A.
ASPS
|
$ 5.64 | 0.87 % | $ 56.8 M |  Luxembourg |
 |
Encore Capital Group
ECPG
|
$ 103.74 | 2.42 % | $ 2.41 B |  USA |
|
Income Opportunity Realty Investors
IOR
|
$ 19.69 | - | $ 80.1 M | USA |
 |
Guild Holdings Company
GHLD
|
- | - | $ 1.23 B | USA |
 |
Mr. Cooper Group
COOP
|
- | - | $ 13.6 B | USA |
 |
Ocwen Financial Corporation
OCN
|
- | -0.75 % | $ 192 M | USA |
 |
Hercules Capital, Inc.
HTGC
|
$ 16.7 | 1.9 % | $ 1.86 B | USA |
 |
Essent Group Ltd.
ESNT
|
$ 69.57 | 0.42 % | $ 6.89 B |  Bermuda |
 |
Monroe Capital Corporation
MRCC
|
- | - | $ 105 M | USA |
 |
loanDepot
LDI
|
$ 0.9 | 7.46 % | $ 302 M | USA |
 |
Ellington Financial
EFC
|
$ 13.67 | 0.11 % | $ 1.37 B | USA |
 |
CNFinance Holdings Limited
CNF
|
$ 2.25 | 0.87 % | $ 3.09 B | - |
 |
Rocket Companies
RKT
|
$ 14.76 | 0.1 % | $ 19.5 B | USA |
 |
PennyMac Financial Services
PFSI
|
$ 78.03 | 3.25 % | $ 4.04 B | USA |
 |
LendingTree
TREE
|
$ 32.59 | 3.89 % | $ 443 M | USA |
 |
Velocity Financial
VEL
|
$ 18.16 | 0.33 % | $ 669 M | USA |
 |
Walker & Dunlop
WD
|
$ 42.56 | 0.07 % | $ 1.42 B | USA |